Panjiva data shows global trade growth from May to June at a reduced rate

As was the case from April to May, global trade activity showed growth, albeit at a slower rate than earlier in the year, according to data from Panjiva

By ·

As was the case from April to May, global trade activity showed growth, albeit at a slower rate than earlier in the year, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

U.S.-bound waterborne shipments, which fell 2 percent from April to May, posted a 2 percent gain from May to June at 1,083,511. This is an improvement over a 1 percent decline from May to June a year ago, and total shipments for June were up 5 percent annually. Panjiva officials said that shipments for the first six months of the year are up 5 percent.

Panjva reported a 0.4 percent increase in the number of global manufacturers shipping to the U.S., with June reaching 149,487, which represented a 2 percent annual gain. This number matches up with recent months, which saw May reach 148,861 and April at 148,246.

“Relatively speaking, the numbers are holding up reasonably well,” said Panjiva CEO Josh Green in an interview. “If you look at shipments being up 5 percent [through the first six months of the year] with the economic headwinds we are facing, it we will take it.”

With the economic outlook still challenging, Green said the two top concerns—as they pertain to global trade—are consumer sentiment and the difficult situation in Europe.

While Europe’s various economic challenges are not having a direct impact on the U.S. yet, Green said should they continue it is likely they will start impacting trade flows across multiple geographies.

“If the situation in Europe deteriorates…I think you will start to see businesses phasing off on their purchasing and that will show up in the numbers later in the year,” said Green. “I think we are seeing an overall weakness with everybody looking ahead and wondering if we are heading into a recession or whether a modest recovery is coming.”

Despite these headwinds, Green said there is a decent possibility the economy could show signs of growth in the next two months as shipments begin to arrive at U.S. ports with merchandise for the holiday season. This will provide a glimpse into how optimistic businesses are feeling about the holiday season.


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Article Topics

Global Trade · Panjiva · · All Topics
Latest Whitepaper
Special Digital Issue: Packaging in Successful Fulfillment Operations
A comprehensive look at the software, hardware and equipment that ensure packaging processes are as efficient as possible.
Download Today!
From the September 2017 Modern Materials Handling Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
E-commerce and the New Pallet Paradigm
Driven by emerging streams of supply chain data, shifting customer demands, and an industry obsession with eliminating every sliver of waste, pallet usage continues to evolve. During this webcast we'll examine how Modern's readers are adapting to current challenges while positioning themselves to meet those that lie ahead.
Register Today!
EDITORS' PICKS
System Report: Pouch sorter powers Stage’s fulfillment needs
How a hometown department store chain transformed its e-fulfillment processes with pouch sortation...
Cubing and Weighing Equipment: Measure Up
The use of cubing and weighing equipment is growing beyond dimensional weight applications.

Lift truck operators: Drivers of change
For all the advances in lift truck technology and fleet management, operators will always be the...
Top 20 industrial lift truck suppliers, 2017
The top lift truck suppliers list is changing with industry acquisitions causing a dramatic...